Angel investing in Africa is an emerging and vibrant part of the continent's entrepreneurial ecosystem💡
🤝Growing Number of Angel Investors
Angel Networks: The number of active angel investor networks in Africa has grown from just a handful in the early 2010s to over 50 networks in 2024. These networks, like ABAN, Rising Tide Africa, HoaQ, The Cairo Angels, VC4A, Nairobi Business Angel Network, VBAN, Jozi Angels to name a few have collectively supported hundreds of start-ups across the continent.
Individual Angels are estimated that there are now over 1,500 active angel investors in Africa, many of whom are part of these networks.
🌍Expanding Start-Up Ecosystem
Increase in Start-Ups and Funding Growth: Africa's start-up ecosystem is booming, with over 3,000 start-ups reported across the continent and raised approximately $1 billion in venture capital across 600 deals, marking a significant increase from previous years. While this includes all stages of investment, a substantial portion comes from early-stage investors, including angel investors.
🚀Emerging Trends
➖Collaborative Investments: More than 30% of angel investments in 2023 were made through syndicates, reflecting a growing trend of collaboration among investors
➖Focus on Impact: Impact investing is becoming increasingly popular, with over 50% of African angel investors expressing interest in supporting businesses that offer both financial returns and social impact.
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